By Lucia Mutikani WASHINGTON (Reuters) - U.S. factory activity slipped in July and consumer spending advanced at its slowest pace in four months in June, indicating that the economy had lost some momentum recently. "We expect growth momentum to re-accelerate over the next few months, providing the Fed with the necessary confidence they need to raise rates in September," said Millan Mulraine, deputy chief economist at TD Securities in New York.
The main Athens stock index ended down 16.2 percent, recovering slightly after plunging nearly 23 percent at the open. All five shares comprising the index - National Bank of Greece , Alpha Bank , Piraeus Bank , Attica Bank and Eurobank - were locked down for much of the session at the limit with no buyers. The banks have been propped up by emergency money from the European Central Bank.